Davis, Davis And Conover Wealth Management, LLC

CRD#286575
Investment Advisor Firm

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Learn more about Davis, Davis And Conover Wealth Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Davis, Davis And Conover Wealth Management, LLC operates as a financial advisory company based in Nashville, Tennessee. The firm controls $135.4 million in assets under management over 504 customer accounts, making it a mid-tier financial advisory firm in the country by assets under management (AUM). The firm has a small team, including 2 financial advisors. Davis, Davis And Conover Wealth Management, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like equities, options and bonds.

    Davis, Davis And Conover Wealth Management, LLC oversees all of the company's client assets on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring client permission. The firm administers an average of $268,640 for each account. The average advisor at Davis, Davis And Conover Wealth Management, LLC manages around 252 client accounts.

    The company's main office is at 3102 West End Ave, Nashville, Tennessee 37203. The company is legally permitted to provide services to clients across 5 states, including Alabama, Florida, New Hampshire, Tennessee and Texas.

    Assets Under Management

    $135.4 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    3102 West End Ave
    Nashville, TN 37203

    Davis, Davis And Conover Wealth Management, LLC by the Numbers

    Total Assets Under Management

    $135.4 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    504

    National Average: 375,227
    Average Account Size

    $268.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services offered by Davis, Davis And Conover Wealth Management, LLC include financial planning services and portfolio management for individuals and small businesses. However, the company did not provide financial planning services to any of its clients in the previous financial year. The company is involved in selling products or offering services different than investment advisory services to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    A financial advisor's fees typically depend on which services are offered. Fees billed by Davis, Davis And Conover Wealth Management, LLC likely consist of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Davis, Davis And Conover Wealth Management, LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The company works with retail investors and high net worth investors. Out of its 504 accounts, Davis, Davis And Conover Wealth Management, LLC's largest client is retail investors, although it also serves 35 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 21.88%
    • Other Individuals - 78.12%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Davis, Davis And Conover Wealth Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Davis, Davis And Conover Wealth Management, LLC

    Carolyn Conover
    Nashville, TN
    Zachary Eidson
    Nashville, TN

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